Fans’ Section
Bitcoin Is More Powerful Than Physical Money: Overstock CEO
Julia Limitone - Fox Business
Patrick Byrne, Overstock CEO: “You think that’s a bubble? What do you think that fiat currency you carry around in your purse is?” This dollar stuff, it’s just some fiat currency based on … the surplus taxing authority of the U.S. Treasury of which I assert there is zero ... It’s about time the world switches to real money. Either gold or bitcoin.” …”The real question is not how high can bitcoin go. The real question is how low can fiat currency go - and at the end of the day all fiat currencies have gone to zero and that’s because they end up with irresponsible money printing”.
DNT: Despite the criticism of some world’s top financial leaders, conscientiously reported in our bulletin - check our free Archive, Bitcoin soared from record to record. Bubble or not, BTC also gained more credibility after CME announced its plans to launch bitcoin futures. So, even if Patrick Byrne opinion may seem at first sight, a pretty radical one, it worth to be analyzed. We know that fiat money is a currency without intrinsic value established as money by government regulation. So, what do you think: is fiat money also a bubble? Send us your opinions, and some of them will might be published.
Deals, Investments & M&As
Massive Hedge Fund AQR Incorporating Blockchain Technology
Jon Buck - The Cointelegraph
In another win for the adoption of Blockchain technology into the banking and finance world, top hedge fund AQR ($208 bln under management) has announced that it will begin investigating how to incorporate the nascent technology into its trading platforms.
Multi-Firm Blockchain Implementation For Equity Swaps Completes Second Phase
Business Insider
Blockchain Gets a Wall Street Win: ‘We Know The Thing Works Now’
Matthew Leising - Bloomberg (subscription)
JPMorgan, Goldman Sachs Trial DLT for Equity Swaps
Brady Dale - CoinDesk
A group of major financial firms including JPMorgan Chase and Goldman Sachs has trialed the exchange of equity swaps over a distributed ledger (DLT) system. Using the AxCore distributed ledger platform from startup Axoni, the pilot – which also included BNP Paribas, Credit Suisse and Citi – saw the banks process equity swaps from start to finish.
Cryptocurrencies
Why a Singapore Cryptocoin Firm Now Does Its Banking in Japan
Chanyaporn Chanjaroen, Abhishek Vishnoi - Bloomberg (subscription)
Quoine Pte, a cryptocoin exchange operator founded in Singapore, said it’s now routing customers’ payments to Japan, where the firm banks with lenders including Mitsubishi UFJ Financial Group Inc. after an account in the city-state was closed.
Bitcoin Price Soars above $8,200 To Hit New Record High For Crypto Token
Sebastian Kettley - Express.co.uk
BTC prices shot past the $8,200 mark on Monday, in an all-time record high value for the volatile crypto token.
DNT: At the time of writing, BTC was trading around $8231.
*More content in this section on our Blockchain Daily News website.
Vendors
R3 Deepens Integration With Microsoft Azure
Finextra
R3 And Microsoft Expand Partnership With Deeper Tech Integration
Ian Allison - Internațional Business Times
R3 and Microsoft Corp. have expanded their strategic partnership to further accelerate adoption of R3's Corda platform amongst businesses using Microsoft Azure.The partnership will now offer deeper integration of the Corda platform with Azure making it easier for businesses to deploy underlying computing resources for blockchain networks,
DNT: As we reported at the beginning of this month (Vendors section), R3 startup has more than 60 firms that are using its its blockchain platform.
BitPeople
Via Efinancialcareers - Ed Budd, former Deutsche Bank’s ex-chief digital officer signs up to new London blockchain firm ConsenSys.
DNT: Read more about ConsenSys plans a few lines below, in our Startups, Accelerators & Hubs section.
Via CoinDesk - Ex-Moscow Exchange Exec Roman Sulzhyk emerges as chairman of Ukraine-based blockchain startup Distributed Labboard board of directors.
DNT: Lately, a lot of senior-level executives from banks or exchanges, around the world moved to the blockchain sector! A further proof that blockchain-based technologies have the potential to change the world.
*More content in this section on our Blockchain Daily News website.
Latest Developments & Agreements
SBI To Use Blockchain For Smart Contracts By Next Month
The Economic Times
India's largest lender State Bank of India will roll out beta launches of blockchain-enabled smart contracts by next month, according to Sudin Baraokar, head of innovation. Blockchain-enabled Know Your Customer (KYC) will soon follow suit.
*More content in this section on our Blockchain Daily News website.
Startups, Accelerators & Hubs
Ethereum Studio ConsenSys Opens European Hub In London
Ian Allison - Internațional Business Times
Ethereum design studio ConsenSys is expanding its global physical presence by opening a hub in London, in the heart of the technology hotbed of "Silicon Roundabout". The London hub has space for 60 ConsenSys members and sponsored projects. The firm already has major hubs in New York, San Francisco, Toronto, Dubai, Singapore and Brisbane.
Other news
Bitcoin Now Processes $2 Billion Worth of Transactions Per Day, A 10x Increase In 2017
Kyle Torpey - Forbes
In addition to the exploding price, the total value transacted on the network per day has seen substantial gains this year; however, the actual number of transactions processed by the network per day has been rather stagnant in 2017.
FAO: Florin Adrian Oprea, Editor-in-chief Blockchain Daily News
DNT: Decebal Nicolaie Todarita, Editor Blockchain Daily News
Read more by MarketSlant Editor
